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To: justshutupandtakeit
There is no evidence that he ever understood it anyway.

LOL... sort of like Benjamin Franklin seemed to understand everything except economics

68 posted on 08/07/2006 3:48:52 PM PDT by GeronL (http://www.mises.org/story/1975 <--no such thing as a fairtax)
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To: GeronL

Compared to Hamilton Franklin's understanding was limited. Most of his life there was little economic theory even available and I have seen nothing to indicate that he studied it much. Compared to an ordinary guy I am sure he was highly knowledgable.

He never advocated the economic follies that Jefferson did that is for sure. America's enemies could not have designed a more limiting and reactionary course for it to follow than Jeffersonian political/economy. It's disastrous mis-prescription was clearly shown by the course which led to the Civil War defeat of the Confederacy.

Jefferson's concept of the Constitution was that there was not one but dozens. His argument against the National Bank demonstrates that he did not understand the instrument or the Bank.


79 posted on 08/07/2006 7:15:07 PM PDT by justshutupandtakeit (If you believe ANYTHING in the Treason Media you are a fool.)
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